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Green Hotel Q2 net profit fell 26% year-on-year.3%，Full-year revenue is expected to decline by up to 15%

Author of this 188bet game: Zhao Zhiyu 2020-08-14

Average occupancy rate 63.4%，The same period last year was 81.1%。

August 13, EST，Green Hotel(GHG.US) announced its financial results for the second quarter of 2020 after the U.S. stock market closed。Data display，Q2 company revenue is 2.1.6 billion yuan (RMB，The same below)，Decreased by 21% year-on-year.4%。Net profit is 93.72 million yuan，Decreased by 26 year-on-year.3%。Earning per ADS is 1.01 yuan，The same period last year was 1.26 yuan。

Second Quarter，The company opened 111 new hotels。As of June 30, 2020，The company is in 343 cities across the country，4066 hotels opened，Total number of rooms 296307，317 of them are luxury and mid-to-high-end hotels。There are currently 1087 hotels under preparation。

Affected by the health incident，The average room rate of the company's hotels in the second quarter was 142 yuan，17 year-on-year decrease.4%；Average occupancy rate 63.4%，The same period last year was 81.1%。

Looking ahead to the third quarter，The company expects total revenue to decline by 8%-13% year-on-year，It is expected that total revenue in 2020 will decrease by 10%-15% year-on-year。

*Source of this 188bet game: Zhitong Finance, author: Zhao Zhiyu,Original title：《Green Hotel(GHG.US) Q2 net profit fell by 26% year-on-year.3%，Full-year revenue is expected to decline by up to 15%》.

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Green Hotel Second quarter results